The Indonesian Export Financing Institution is awaiting the issuance of the government regulation in connection with the additional capital from the government in the amount of Rp 2 trillion. The additional fund is for the purpose of expanding the credits for the export-market-based business agents.

According to Indonesian Export Financing Institution (LPEI) Board of Directors member Hadiyanto, with the additional fund, the LPEI capital will increase from Rp 4 trillion to Rp 6 trillion. With the additional capital, the LPEI will be able to expand the business sectors that can be provided with fresh capital and new export market targets.

“The additional capital is pending the issuance of the government regulation. If that is finalized, our capacity with a strengthened credit will be increased,” Hadiyanto said in Jakarta on Friday (12/2).

He explained, with the additional capital of Rp 2 trillion, LPEI will be capable to stimulate the non-traditional export sector, such as palm oil, rubber, tea and cacao.

“We not only conduct export drive to the markets in the European Union, the USA, or Japan, but we also explore new markets particularly the Middle East and North Africa,” Hadiyanto said.